WeedMD Inc. (
TSX-V:WMD)
(OTCQX:WDDMF) (FSE:4WE) (“
WeedMD”
or the “
Company”), a federally licensed producer
and distributor of medical-grade cannabis is pleased to announce
its terpene-infused, one-gram Saturday Cannabis (“Saturday”)
vaporizer (“vapes”) was recently named “Top Selling Vape” for the
month of January, 2021 at the Ontario Cannabis Store (“OCS”),
Canada’s largest cannabis retail distributor. When compared to over
30 available brands, according to OCS-provided data, Saturday
ranked first in the one-gram category and when compared to all
other vapes sizes, it ranked in the “OCS Top 4”.
The Company also confirmed its Color Cannabis
products are now available in 15 gram nitrogen-infused pouches
through the OCS, in award-winning strains such as Pedro’s Sweet
Sativa, Ghost Train Haze, and Black Sugar Rose. Additionally,
starting this month, WeedMD will be shipping Boveda humidity
control packs with all of its dried flower products across Canada
to preserve the freshness and terpene-profiles for which WeedMD
products are recognized.
“This is expected to be a breakout year for our
Saturday Cannabis and Color Cannabis adult-use product lines as
consumers in Canada’s largest retail market purchase our
terpene-rich, quality-derived products and help expand our brand
recognition nationally,” said Joseph Mele, Senior Vice President,
Commercial Sales & Marketing, WeedMD. “Market feedback is
paramount to our success and Ontario provides a discerning audience
for our flavour-rich products. Our teams take this valuable
consumer input and apply it to everything from our product
offerings, packaging innovation and freshness control and we’re
proud of the new line-up being released nationally in the coming
months.”
In addition to Saturday Cannabis vapes available
in Sour Pineapple and Lemon Haze, WeedMD also produces
strain-specific Color Cannabis vapes, in Pedro Sweet Sativa and
Ghost Train Haze. All vape products are produced at the Company’s
state-of-the-art extraction hub in Aylmer, ON utilizing WeedMD’s
own terpene-rich indoor and outdoor biomass.
The Company is also the exclusive Canadian
supplier and distributor of acclaimed U.S.-based wellness house
Mary’s Medicinals, with topicals production underway at WeedMD’s
extraction hub. A product update will be provided in the coming
weeks, with products expected to launch in the first quarter of
2021. Access WeedMD’s 2021 Shareholder Newsletter here.
Updated investor presentation and corporate deck can be found
here.
About WeedMD Inc.
WeedMD Inc. is the publicly traded parent
company of WeedMD RX Inc. and Starseed Medicinal Inc., licence
holders producing and distributing cannabis products for both the
medical and adult-use markets. The Company owns and operates a
158-acre state-of-the-art greenhouse, outdoor and processing
facility located in Strathroy, ON as well as a fully-licensed
26,000 sq. ft. Aylmer, ON processing facility, specializing in
cannabis extraction. With the addition of Starseed, a
medical-centric operator, WeedMD has expanded its multi-channeled
distribution strategy. Starseed’s industry-first, exclusive
partnership with LiUNA, the largest construction union in Canada,
along with employers and union groups complements WeedMD’s direct
sales to medical patients. The Company maintains strategic
relationships in the seniors’ market and supply agreements with
Shoppers Drug Mart as well, as seven provincial distribution
agencies where adult-use brands Color Cannabis and Saturday are
sold.
Follow WeedMD and its brands on
LinkedIn
Twitter:
WeedMD, Color
Cannabis, Saturday
Cannabis &
Starseed
Instagram:
WeedMD, Color
Cannabis, Saturday
Cannabis &
Starseed
For further information, please
contact:
For Investor Enquiries:Valter
PintoManaging Director KCSA Strategic
Communications1-212-896-1254weedmd@kcsa.com
For Media Enquiries:Marianella
delaBarreraVP, Communications & Corporate
Affairs416-897-6644marianella@weedmd.com
Forward Looking Information
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation which are
based upon WeedMD's current internal expectations, estimates,
projections, assumptions and beliefs and views of future events.
Forward-looking information can be identified by the use of
forward-looking terminology such as "expect", "likely", "may",
"will", "should", "intend", "anticipate", "potential", "proposed",
"estimate" and other similar words, including negative and
grammatical variations thereof, or statements that certain events
or conditions "may", "would" or "will" happen, or by discussions of
strategy.
The forward-looking information in this news
release is based upon the expectations, estimates, projections,
assumptions and views of future events which management believes to
be reasonable in the circumstances. Forward-looking information
includes estimates, plans, expectations, opinions, forecasts,
projections, targets, guidance or other statements that are not
statements of fact. Forward-looking information in this news
release include, but are not limited to, statements with respect to
internal expectations, expectations with respect to actual
production volumes, expectations for future growing capacity and
the completion of any capital project or expansions.
Forward-looking information necessarily involve known and unknown
risks, including, without limitation, risks associated with general
economic conditions; adverse industry events; loss of markets;
future legislative and regulatory developments; inability to access
sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favourable terms; the
cannabis industry in Canada generally; the ability of
WeedMD to implement its business strategies; the COVID-19 pandemic;
competition; crop failure; and other risks.
Any forward-looking information speaks only as
of the date on which it is made, and, except as required by law,
WeedMD does not undertake any obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise. New factors emerge from
time to time, and it is not possible for WeedMD to predict all such
factors. When considering this forward-looking information, readers
should keep in mind the risk factors and other cautionary
statements in WeedMD's disclosure documents filed with the
applicable Canadian securities regulatory authorities on SEDAR at
www.sedar.com. The risk factors and other factors noted in the
disclosure documents could cause actual events or results to differ
materially from those described in any forward-looking
information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE
WeedMD (TSXV:WMD)
Historical Stock Chart
From Nov 2024 to Dec 2024
WeedMD (TSXV:WMD)
Historical Stock Chart
From Dec 2023 to Dec 2024